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Hong Kong ranked fourth on the Tax Justice Network's 2011 Financial Secrecy Index. [39] The Hong Kong Government was the fourth highest ranked Asian government [40] in the World Economic Forum's Network Readiness Index (NRI), a measure of a government's information and communication technologies in 2016, and ranked 13th globally. [41]
The worst decline among world markets was in Hong Kong, where share values dropped by 45.8 percent. [51] In its biggest-ever single fall, the Hang Seng Index of the Hong Kong Stock Exchange fell by 420.81 points, eliminating HK$65 billion' (10 percent) of its share value. [57]
Stock disaster in 1967 (Hong Kong 1967 Leftist riots) 1970s. Stock disaster in 1973 (1973–74 stock market crash) 1980s. Stock disaster in 1983 (Negotiation deadlock between China and United Kingdom on Transfer of sovereignty over Hong Kong) Stock disaster in 1987 (Black Monday) Stock disaster in 1989 (Tiananmen Square protests) 1990s
The crash started overnight in Asia as Hong Kong's Hang Seng Index fell 6%, although the most widely watched Asian market, Japan's Nikkei 225, only fell 2% on the day. The losses spread to the European markets, where London's FTSE 100 Index fell 98.90 points, or just about 2%, to 4,871.30. The Frankfurt DAX index fell sharply as well. The U.S ...
Category: Economic history of Hong Kong. ... History of transport in Hong Kong (2 C, 2 P) This page was last edited on 28 February 2024, at 08:02 (UTC). ...
Hong Kong's economic growth is poised to weaken as interest rate increases hit mortgage-holders and the U.S.-China trade war intensifies, analysts say.
In May 2009, India reported an economic growth rate of 5.8%, beating most forecasts. [43] In second quarter of 2009 the Indian economy grew by 7.9% and gave indications that the Indian economy would scale a growth rate of 7% or above in 2009 and 8-9% in 2010. In the 3rd Quarter of 2010, the economy had bounced back with a growth rate of 8.8%.
Hong Kong’s economy has struggled to regain momentum since it reopened after more than two years of self-imposed Covid isolation. In 2023, its GDP grew 3.2%, thanks to a low base in 2022, but it ...